Overview
Weinstein (1980) found students rated positive events more likely and negative events less likely for themselves than peers. The related planning fallacy (Kahneman & Tversky, 1979) underestimates time and cost. Optimism aids motivation (Sharot, 2011) but can undercut preparation. Use base rates, buffers and pre-mortems. See normalcy bias.
Frequently asked questions
- Should optimism be eliminated?
- No; just check risks in key decisions.
References
- Weinstein, N. D. (1980). Unrealistic optimism about future life events. Journal of Personality and Social Psychology, 39(5), 806–820.
- Sharot, T. (2011). The optimism bias. Current Biology, 21(23), R941–R945.
- Kahneman, D., & Tversky, A. (1979). Intuitive prediction: Biases and corrective procedures. TIMS Studies in Management Science, 12, 313–327.
